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703 KB - Luxottica

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Drawing some conclusions<br />

No change in our long-term strategy<br />

Maintaining a balance between wholesale and retail<br />

Growth platforms are in place and our balance sheet is solid<br />

Even with a very difficult 2009, we are taking actions to readjust costs BUT maintaining the<br />

right investment levels to support our continued leadership worldwide<br />

The uncertainty of the current environment does not put our long-term sustainable growth<br />

at risk<br />

Winning through the cycle<br />

47

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